🔴 Modine Manufacturing is trading 21.6% down today after adjusted EPS missed estimates

Modine Manufacturing is trading 21.61% down at $100.22 after fiscal Q2 adjusted EPS missed expectations.

• Adjusted EPS was $1.35 versus estimates of $1.42–$1.52, while revenue beat estimates; the company cited higher material and tariff costs.
• The earnings release reset fiscal 2027 guidance for continuing operations following the Performance Technologies spin-off.
• KeyBanc cut its price target to $225 from $280, citing margin headwinds, despite a sharply higher broader market.